Bain Capital has closed its previously announced buy of cybersecurity company Blue Coat Systems Inc for about $2.4 billion in cash. The seller was Thoma Bravo LLC. Goldman Sachs provided financial advice to Blue Coat on the transaction while Jefferies LLC did likewise for Bain Capital.

Blue Coat Systems’ purchase of Solera Networks is not only good news for Allegis Capital, but also a healthy reminder of the major opportunity in building technology-based defenses against successful cyber attacks, writes Bob Ackerman, Allegis Capital founder and peHub guest columnist.

David Murphy was named the president and COO of Blue Coat Systems. He will report directly to Greg Clark, Blue Coat’s CEO. Blue Coat, which provides Web security and WAN optimization services, is a Thoma Bravo portfolio company. PRESS RELEASE Blue Coat Systems, Inc., a leading provider of Web security and WAN optimization solutions, today […]

Thoma Bravo has closed its buy of Blue Coat Systems. A Thoma Bravo-led investor group paid $25.81 a share cash, or about $1.3 billion, for the provider of Web security and WAN optimization solutions. The deal was announced in December. Ontario Teachers’ Pension Plan, through its private investor department, was also an investor. Jefferies provided financing […]

(Reuters) – Blue Coat Systems Inc. (Nasdaq: BCSI), which makes equipment that secures, monitors and speeds Internet traffic, has agreed to be taken private for $1.1 billion in a deal that throws a lifeline to a company beset by falling sales and a U.S. government probe into use of its products by Syria. An investor […]